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In our simple model the supervisor: i) cannot observe the agent's effort; ii) aims at inducing the agent to exert high effort; but iii) can only offer rewards based on performance. Since performance is only stochastically related to effort, evaluation errors may occur. In particular, deserving...
Persistent link: https://www.econbiz.de/10010282338
This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is poor, as the literature suggests, and whether and how...
Persistent link: https://www.econbiz.de/10010276137
Previous empirical literature - mainly cross-sectional - has tested the demand-pull hypothesis and found that overall, evidence does not conflict with the idea that innovation may be driven by output. Using a balanced panel of 216 Italian manufacturing firms over the 1995-2000 period, and...
Persistent link: https://www.econbiz.de/10010267610
Motivated by anecdotal as well as econometric evidence from Italy, we ask whether private schools can provide lower … offering at a positive price lower quality than the public school can be an equilibrium. The calibrated parameters for Italy …
Persistent link: https://www.econbiz.de/10010262077
School vouchers introduced recently in some Italian regions have lowered the cost of private schools. On one side, we provide evidence that Italian private schools may be selected for different reasons than quality considerations. On the other side, by exploiting individual data on voucher...
Persistent link: https://www.econbiz.de/10010262199
levels over time in Italy. However, focusing on equality of circumstances, we show that there is still a persistent …
Persistent link: https://www.econbiz.de/10010268574
volunteers belonging to public, private forprofit and private nonprofit institutions delivering social services in Italy. The …
Persistent link: https://www.econbiz.de/10010268718
This paper addresses the problem of the dualism of the Italian economy, particularly of its labor market. Although the Italian labor market is considered to be the most highly regulated among OECD countries, the unemployment rate in the North, which represents two thirds of the whole economy, is...
Persistent link: https://www.econbiz.de/10010268742
opportunities. It examines Italy's experience during the 1990s, when policy changes prompted HE institutions to offer a wider range …
Persistent link: https://www.econbiz.de/10010268748
researchers who have at least a bachelor's from Italy and live abroad. There are three alternative country choices: the US …. Ceteris paribus, both push and pull factors are important. While having a Ph.D. from outside Italy predicts the UK choice …, having extra working experience from outside Italy predicts migration to other EU countries. Those who stay abroad …
Persistent link: https://www.econbiz.de/10010268850